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According to a study by Sigma (n°3/2024), published by Swiss Re Institute, the turnover generated by the 12 MENA insurance markets has reached 49.898 billion USD. The Premium volume is up 7.82% over one year.
MENA insurance market: turnover by country
In millions USD| Country | Premiums | Evolution 2022-2023 | Market share 2023 | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Saudi Arabia | 17 456 | 14 228 | 22.69% | 35% |
| United Arab Emirates | 14 568 | 12 938 | 12.60% | 29.2% |
| Morocco | 5 519 | 5 364 | 2.89% | 11.1% |
| Egypt | 2 550 | 3 321 | -23.22% | 5.1% |
| Qatar | 2 231 | 1 921 | 16.14% | 4.5% |
| Kuwait | 1 674 | 1 608 | 4.10% | 3.4% |
| Oman | 1 468 | 1 408 | 4.26% | 2.9% |
| Algeria | 1 190 | 1 105 | 7.69% | 2.4% |
| Tunisia | 1 164 | 1 006 | 15.71% | 2.3% |
| Jordan | 1 049 | 994 | 5.53% | 2.1% |
| Bahrain | 770 | 743 | 3.63% | 1.5% |
| Lebanon | 259 | 1 644 | -84.25% | 0.5% |
| Total | 49 898 | 46 280 | 7.82% | 100% |
